An amount of money borrowed from a bank for a certain length of time, usually for a specific purpose.

The sale of the assets of a failed company.

The market on which listed companies' share are repeatedly traded.

Stocks in large companies with a reputation for quality, reliability and profitability.

A business arrangement in which several people work together and share the risks and profits.

An account which allows customers to take out money with no restrictions.

Something that acts as a security or a guarantee for a debt.

An arrangement for saving money to give you an income when you stop working.

Changing from a private company to a public one, quoted on a stock exchange.

A company whose owners are not fully reliable for the business's debts.

A business owned and operated by a single person, has unlimited liability for debts.

Stocks that provide a regular dividend and stable earnings, but whose value is not expected to rise or fall very much.

The market on which newly issued shares are sold for the first time.

Members of a board of directors who are not full-time managers of the company.

A group of directors to whom the external auditors present their report.

Stocks that have a history of paying consistently high dividends.

The price a share is currently being traded at on a stock exchange.

To turn profits into stocks or shares.

Shares that companies have bought back from their owners.

The way the company is managed for its owners.

Stocks that are expected to regularly rise in value.

Stocks that investors believe are currently trading for less than they are worth.

The first sale of a company's stocks to the public.

Non-payment of interest or a loan at the scheduled time.

The minimum percentage of its deposits a bank has to keep in its reserves.

What is a company that is partly or wholly owned by another one?

What is the amount of interest that a bond pays?

What is paid work that provides goods and services?

Is the dividend paid on preference shares variable?

If a company goes bankrupt, are the first investors to get any money back the holders of preference shares?

Are stocks that have already been bought at least once traded on the primary market?

Do NASDAQ and the AIM have more regulations than the New York Stock Exchange and the London Stock Exchange?

Does the market price of stocks depend on how many buyers and sellers there are?

Do automatic trading systems require market makers?

Do market makers make a profit from the difference between their bid and offer prices?

Do current accounts pay more interest than savings accounts?

Is there less risk for a bank with a mortgage than with unsecured loans without collateral?

Are travellers' cheques safer for tourists than carrying foreign currency?

Do the majority of customers prefer to do their personal banking at the bank?

In case of a legal dispute, can people take a company's shareholders to court?

Do the owners of limited companies have to pay all the company's debts?

Does the price of floating-rate notes vary very much, because they always pay market interest rates?

Do the owners of convertibles have to change them into shares?

Do some bonds not pay interest, but are repaid at above their selling price?

Do junk bonds have a high credit rating, and a relatively low chance of default?

Are many companies not owned by their managers?

Can external directors usually give more objective advice than full-time directors?

Are partners in British and American businesses not liable for the partnership's debts?

In case of a dispute, can people take British companies and partnerships to court?

Can new companies apply to join a stock exchange?

Do investment banks sometimes have to buy some of the stocks in an IPO?

Is the due diligence report produced by the company's own accountants?

Are bank branches now all in shopping centers?

Are all interest rates set by central banks?

When interest rates fall, do people tend to spend and borrow more?

Will a borrower who is very solvent pay a very high interest rate?

Are loans usually cheaper if they are guaranteed by some form of security or collateral?

If banks make loans to customers with a lower level of solvency, can they increase their margins?

Is one of the causes of changes in interest rates the supply and demand for money?

Are bonds repaid at 100% when they mature, unless the borrower is insolvent?

Are bondholders guaranteed to get all their money back if a company goes bankrupt?

Are AAA bonds a very safe investment?

Would a bond paying 5% interest gain in value if interest rates rose to 6%?